 "M A M Arunachalam, Arun Murugappan")
The board of Tube Investments India (TII), a part of the Rs 38,000-crore Murugappa Group, on Thursday approved of the company’s entry into complete automobile manufacturing.
The company has earmarked an outlay of up to Rs 200 crore for the segment. It, however, did not disclose other details.
Meanwhile, TII elected M A M Arunachalam (also known as Arun Murugappan) as the chairman of its board of directors with immediate effect. Arunachalam is currently a non-executive, non-independent director of the company.
TII specialises in engineering, bicycles, metal products, and chains.
The company’s profit grew 37 per
The company has earmarked an outlay of up to Rs 200 crore for the segment. It, however, did not disclose other details.
Meanwhile, TII elected M A M Arunachalam (also known as Arun Murugappan) as the chairman of its board of directors with immediate effect. Arunachalam is currently a non-executive, non-independent director of the company.
TII specialises in engineering, bicycles, metal products, and chains.
The company’s profit grew 37 per
